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Billionaire Elon Musk recently told people not to worry about "squirreling" money away for retirement because advances in artificial intelligence would supposedly make savings irrelevant in the next 10 to 20 years.

Let me translate that into plain financial English: Don’t bother preparing for your future because robots and automation will take care of it.

That may sound exciting on a podcast. Even my own "Red, White, and Green" podcast. It may even sound comforting to those who don’t have a 401(k) plan.

But for everyday Americans trying to plan their financial lives, it’s reckless advice.

AMERICANS HAVE NEVER HAD ACCESS TO MORE LUXURIES, BUT WHY DO WE FEEL SO POOR?

Elon Musk says not to worry about saving for retirement. He has billions of dollars and can take that risk. (Getty Images)

Here’s why.

First, Musk is a visionary entrepreneur. He’s also worth hundreds of billions of dollars. Somewhere between $600 billion to $750 billion depending on the day. Those two facts matter. When you already have generational wealth, it’s easy to talk about a future where money doesn’t matter. Most families don’t have that luxury when many are just scraping by the promise of Social Security in the future is an unknown.

Your retirement isn’t a science experiment. It’s groceries. It’s housing. It’s healthcare. It’s dignity.

REMOVE YOUR DATA TO PROTECT YOUR RETIREMENT FROM SCAMMERS

Those bills don’t wait for AI. Those bills can’t be picked up by........

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